Product risk

Product risk

A type of mortgage pipeline risk that occurs when a lender has an unusual loan in production or inventory but does not have a sale commitment at a prearranged price.

Product Risk

The risk that a mortgage bank will arrange a complex or otherwise unusual mortgage with no guarantee that the borrower will actually accept the terms of the agreement.
References in periodicals archive ?
MARSH 020 7357 1455 leading insurance broker and risk adviser, has boosted its product risk expertise in Europe, the Middle East and Africa (EMEA) with the appointment of two consultants to its Global Product Risk Practice.
Commenting on the new appointments, Jeremy Moore, Leader of the EMEA Product Risk Practice, said: "Food security and supply chain vulnerability rank among the biggest risks facing firms globally in 2008.
Some people would just as soon deal with financial product risk by avoiding it.
In the case of Internet shopping, two types of risk are predominant: product risk and financial risk.
Product risk management is a very wide-ranging subject, as the author says, and his text is designed to provide a structure for this topic.
Do I have adequate capital to manage enterprisewide risks--both product risks and investment risk?
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